Asset Manager Associate

4 days ago


Boston, Massachusetts, United States Northeast Bank Full time
Job Overview

Northeast Bank is a community-focused financial institution with a strong presence in the Northeast region. We are seeking a skilled Asset Manager Associate to join our team and contribute to the success of our commercial loan portfolio.

Key Responsibilities:

  • Provide strategic oversight and support for the Bank's purchased loan portfolio, including initial written assessments and ongoing monitoring of asset performance.
  • Develop and implement strategies to maximize income and minimize losses within the portfolio, working closely with Senior Management and investment partners.
  • Monitor and analyze monthly payments, taxes, and insurance for the Bank's originated loan portfolio, identifying areas for improvement and recommending corrective actions.
  • Conduct periodic credit underwriting assignments for loan portfolios under consideration, including borrower and guarantor analysis, cash flow modeling, and presentation of findings to the loan investment committee.

Requirements:

  • Bachelor's degree in a relevant field, such as finance or business.
  • 2-5 years of experience in asset management, commercial loan workout, and/or loan underwriting.
  • Formal bank credit training a plus.
  • Ability to work effectively in a team environment and communicate complex ideas to stakeholders.

Work Environment:

  • Climate-controlled office setting with moderate noise level.
  • Occasional lifting of up to 20lbs.
  • Consistent use of computer and office equipment.

Northeast Bank is an equal employment opportunity and affirmative action employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.



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